View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Dashboards
  2. Deals
January 7, 2014updated 04 Apr 2017 4:09pm

Moneris selects VeriFone to enhance payment process for merchants

Moneris Solutions, a Canada-based payment processing solutions provider, has chosen VeriFone System’s VX 520 countertop device to enhance electronic payments process for its merchants.

By Verdict Staff

Moneris Solutions, a Canada-based payment processing solutions provider, has chosen VeriFone System’s VX 520 countertop device to enhance electronic payments process for its merchants.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

According to VeriFone, the PCI PTS 3.X compliant VX 520 will feature a major processor to handle payment encryption, decryption and processing while allowing merchants to improve security and reduce transaction times.

The integrated contactless capability and all-in-one design of the device will allow merchants to accept alternative payments, such as EMV (chip and PIN) cards and mobile wallets, as well as traditional mag-stripe cards through a single device.

Additionally, merchants will also be able to use the VX 520 to support value-added applications, such as loyalty or gift card acceptance.

The VX 520, which is scheduled for installation in 2014, will feature full functioning dual communication through its range of connectivity options, which include dial-up and Ethernet.

Moneris chief sales and marketing officer, Jeff Guthrie, said: "At Moneris, we are proud to enhance our service to our customers with a convenient and secure technology solution that streamlines the payment process.

"The adoption of VX 520 devices will expand merchants’ payment options, while giving them an opportunity to process payments faster and spend more time running their business."

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International